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Gulf Keystone Petroleum Ltd (GKP.L)

GKP.L on London Stock Exchange

179.40GBp
13 Dec 2018
Change (% chg)

-2.40 (-1.32%)
Prev Close
181.80
Open
178.00
Day's High
180.00
Day's Low
174.00
Volume
1,005,159
Avg. Vol
1,059,397
52-wk High
303.50
52-wk Low
89.25

Latest Key Developments (Source: Significant Developments)

Oil Producer Gulf Keystone Starts Investment In Shaikan Asset, HY Profit Rises
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Gulf Keystone Petroleum Ltd ::HY RECORD PROFIT AFTER TAX OF $26.7 MILLION (H1 2017: PROFIT AFTER TAX OF $0.7 MILLION).GKP PLANS TO CARRY OUT WORKOVERS ON SH-1 AND SH-3 WELLS BY END OF YEAR, SUBJECT TO RIG AVAILABILITY..GULF KEYSTONE PETROLEUM - REMAINS ON TRACK TO INCREASE PRODUCTION AT SHAIKAN TO 55,000 BOPD IN SECOND HALF OF 2019.NEGOTIATIONS AROUND AMENDMENT TO SHAIKAN PSC ARE CONTINUING.HY AVERAGE GROSS PRODUCTION WAS 31,861 BOPD (H1 2017: 36,664 BOPD).KEPT OUR OPERATING COSTS IN H1 2018 STABLE AT $14.1 MILLION, SAME AS IN H1 2017.HAVE COMMENCED OUR INVESTMENT IN SHAIKAN ASSET.HY REVENUE $116.2 MILLION (H1 2017: $78.3 MILLION).HY PRE-TAX PROFIT FROM CONTINUING OPERATIONS 26.5 MILLION VERSUS $619,000 A YEAR AGO.  Full Article

Gulf Keystone Petroleum Names Martin Angle As Senior Independent Non-Executive Director
Friday, 13 Jul 2018 

July 13 (Reuters) - Gulf Keystone Petroleum Ltd ::APPOINTS MARTIN ANGLE AS SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM MONDAY 16 TH JULY 2018.  Full Article

Gulf Keystone Reaches Deal With Kurdistan Regional Govt's MNR, MOL
Friday, 22 Jun 2018 

June 22 (Reuters) - Gulf Keystone Petroleum Ltd ::AGREEMENT WITH KURDISTAN REGIONAL GOVERNMENT'S MINISTRY OF NATURAL RESOURCES AND MOL HUNGARIAN OIL & GAS HAS BEEN REACHED.AGREEMENT IN RELATION TO INVESTMENT PLANS TO INCREASE GROSS PRODUCTION CAPACITY TO 55,000 BOPD IN NEXT 12 TO 18 MONTHS.INITIATED CONTRACTING, PROCUREMENT ACTIVITIES TO IMPLEMENT 2018 APPROVED CAPEX OF ABOUT $91 MILLION AT SHAIKAN FIELD TO INCREASE PRODUCTION.REST OF CAPEX WHICH IS TO BE BETWEEN $175 MILLION - $215 MILLION TO ACHIEVE THE PRODUCTION CAPACITY IS EXPECTED TO BE PART OF 2019 INVESTMENT PLAN.  Full Article

Gulf Keystone Petroleum Names Jacobus Huijskes As Non-Executive Chairman
Thursday, 29 Mar 2018 

March 29 (Reuters) - Gulf Keystone Petroleum Ltd ::GULF KEYSTONE PETROLEUM - APPOINTMENT OF JACOBUS (JAAP) HUIJSKES AS NON-EXECUTIVE CHAIRMAN EFFECTIVE AS OF 11 APRIL 2018​.  Full Article

Gulf Keystone Petroleum ‍Signs Crude Oil Sales Deal With Kurdistan Govt​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Gulf Keystone Petroleum Ltd ::‍CRUDE OIL SALES AGREEMENT HAS BEEN SIGNED BETWEEN CO ON BEHALF OF SHAIKAN CONTRACTORS, AND KURDISTAN REGIONAL GOVERNMENT​.‍KRG TO PURCHASE SHAIKAN CRUDE OIL AT MONTHLY AVERAGE DATED BRENT OIL PRICE MINUS TOTAL OF C.$22 PER BARREL FOR QUALITY DISCOUNT.‍AGREEMENT IS EFFECTIVE FROM 1 OCTOBER 2017 UNTIL 31 DECEMBER 2018​.‍CONTINUES ITS DISCUSSIONS WITH KRG'S MINISTRY OF NATURAL RESOURCES ON TERMS OF A POTENTIAL 2 ND PSC AMENDMENT​.  Full Article

Gulf Keystone says on track to meet FY guidance of 32,000-38,000 bopd
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Gulf Keystone Petroleum Ltd ::GULF KEYSTONE PETROLEUM LTD - ‍OPERATIONS UPDATE​.GULF KEYSTONE PETROLEUM LTD - ‍CONFIRMS THAT ITS OPERATIONS IN KURDISTAN CONTINUE SAFELY​.GULF KEYSTONE PETROLEUM LTD - ‍ACHIEVED AVERAGE PRODUCTION OF 34,525 BOPD FROM SHAIKAN SINCE BEGINNING OF OCTOBER 2017​.GULF KEYSTONE - "‍SHAIKAN IS PERFORMING AS EXPECTED WITH CUMULATIVE PRODUCTION FROM FIELD NOW AT 42.4 MILLION BARRELS, AN AVERAGE OF 35,966 BOPD IN 2017​".GULF KEYSTONE PETROLEUM LTD - ‍COMPANY IS ON TRACK TO MEET GROSS PRODUCTION GUIDANCE OF 32,000-38,000 BOPD FOR YEAR​.GULF KEYSTONE PETROLEUM LTD - ‍"SHAIKAN CRUDE PRODUCTION IS STILL BEING EXPORTED VIA TRUCKS TO TURKEY​".GULF KEYSTONE PETROLEUM LTD - ‍"TRUCKING OPERATIONS CONTINUE UNINTERRUPTED WITH APPROXIMATELY 200 TRUCKS LOADED DAILY​".GULF KEYSTONE PETROLEUM LTD - ‍CURRENT CASH POSITION IS $147.2 MILLION​.  Full Article

Gulf Keystone to resume spending to boost Shaikan oil output

Gulf Keystone Petroleum Ltd is resuming spending on the Shaikan oilfield in the Iraqi region of Kurdistan, the British-listed oil producer said on Monday, while reporting record profit for the first half led by higher output and crude prices.